SOL Project

SOL Project

A proposed electronic currency system designed to help the disadvantaged in society. The SOL project uses electronic cards rather than paper money. It is intended to complement, rather than replace, the euro. Pilot tests were conducted in three regions in France.

Proceeds from the term loan facility were used to repay the $100 million construction loan on the company's on-campus Vista del Sol project at Arizona State University and the $100 million existing secured term loan facility.

Late last year, ExxonMobil initiated the permitting process for the Vista del Sol project with the Federal Energy Regulatory Commission (FERC), an undertaking that involves numerous engineering design, safety, environmental and other studies that typically lasts about 18 months.

SEAT s production factory in Martorell in Spain has in recent times finished the third phase of its SEAT al Sol project that included the installation of the biggest solar array in the car industry covering an area of approximately 40 football pitches (270,000 square metres).

At Newland's 820-acre Paseo del Sol project in the Riverside County city of Temecula, a total of 311 homes have been sold in the first half of 1999 compared with 234 homes sold during the last six months of 1998.

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